Report
Stephane Houri

Verimatrix : Growth a little less strong than expected due to COVID-19, but good resilience nonetheless

>Slight growth in Q1 2020, which is reassuring given the COVID-19 context - Verimatrix’s adjusted pro-forma Q1 2020 revenue came to $ 20m. This reflected pro forma growth in the core business of 3%, below our estimate of +5%, due to the impact in March (which represents 60% of Q1 revenue) of the COVID-19 pandemic. Note that revenue was down 13% for the company as a whole as the group did not book any revenue in the quarter from the NFC licence programme (managed by Fr...
Underlying
Verimatrix SA

Inside Secure designs, develops and sells software, silicon IP, tools and know-how to be integrated into mobile and connected devices to protect its customers' transactions, content, applications, and communications. Co. is serving markets such as: network security; IoT security; content & application protection; and mobile payment & banking. Co.'s technology protects solutions for a broad range of customers including: service providers; digital content distributors; security system integrators; device vendors; and semiconductor manufacturers.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Houri

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